U.S. crude falls below $30 as Fed move fails to calm markets Commodity Trader COVID19

Oil gains as U.S. inventories grow less than feared while coronavirus slashes demand

By Administrator_India Capital Sands   Oil prices rose on Thursday after U.S. inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand. Brent crude was up by 12 cents, or 0.4%, to $29.84 per barrel, after falling […]

Euro zone set for record recession, inflation to vanish Economy

Euro zone set for record recession, inflation to vanish

  • May 6, 2020
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By Ritu, Capital Sands The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday. “Europe is experiencing an economic shock without precedent since the Great Depression,” European Commissioner for […]

Sensex, Nifty track global surge as lockdowns eased Market

Sensex, Nifty track global surge as lockdowns eased

  • May 5, 2020
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By Ritu, Capital Sands Indian shares, led by Reliance Industries and HDFC Bank, tracked world markets higher on Tuesday, as the easing of coronavirus lockdowns in some countries spurred hopes of a restart in economic activity. The NSE Nifty 50 index was up 0.93% at 9,379.45 by 0505 GMT, while the S&P BSE Sensex was […]

COVID19 Economy

World will need a new template of globalisation post COVID-19: PM Narendra Modi

By Administrator_India Capital Sands The coronavirus crisis has exposed the limitations of the existing international system and highlighted the need for a new template of globalization based on fairness, equality and humanity, Prime Minister Narendra Modi said on Monday. He was speaking at an online summit of the Non Aligned Movement (NAM), a forum of […]

COVID19 Lockdown in India

India’s new rules for the coronavirus lockdown

By Administrator_India Capital Sands Indian Prime Minister Narendra Modi’s government has extended a nationwide coronavirus lockdown until May 17 but has allowed some relaxations, which will take effect on Monday. The following lists what remains banned and what is permitted: NATIONWIDE: Travel by air, rail, and metro and inter-state movement of people by road remains […]

'Full fury' of coronavirus sends German business morale to record low Business Economy

Oil prices surge again U.S. stockpiles grow less than feared, output cuts kick in

By Administrator_India Capital Sands Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic. Brent crude for July delivery, which started trading on Friday as […]

China COVID19

Chinese factories struggle to fire in April as slump in export orders deepens

By Administrator_India Capital Sands China’s factories suffered a collapse in export orders in April, twin surveys showed, suggesting a full-blown recovery appeared some way off as the coronavirus health crisis shut down large parts of the world economy. The sobering result comes amid moves by major nations to ease up on lockdowns, underlining the stiff […]